EANS-News: PNE WIND AG opens office in Edinburgh

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Company Information

Cuxhaven/Edinburgh (euro adhoc) - February 14, 2011 - SCOTLAND'S
renewable energy target of 80 per cent by 2020 has been boosted by
the arrival of a major wind farm developer. PNE WIND UK Limited is
planning to invest intensively in Britain over the next three years.
The company has recently acquired offices in Edinburgh city centre
which was officially opened by Anne MacColl, the new chief executive
of Scottish Development International.

PNE WIND UK Limited is a subsidiary of PNE Wind AG who has built up a
portfolio of onshore and offshore wind farms since 1995 in Germany,
Bulgaria, Hungary, Romania, Turkey, Canada, UK and the United
States.

It was the Scottish Government's ambitious targets for renewable
electricity which convinced PNE to establish offices north of the
border. They have hit the ground running with four sites already
being identified in Ayrshire, Lanarkshire, Grampian and the Scottish
Borders for wind farm potential as they strive to meet their own
target of providing 300 megawatts of sustainable energy.

Jan Koschinski, PNE WIND's executive director, said: "The best wind
resources are in Scotland compared to the rest of the UK and along
with the aggressive targets set by the Scottish Government, it made
sense to establish a base here. We are a one-stop shop when it comes
to building wind farms from planning to erecting the turbines and we
like being close to our sites. In addition, Edinburgh has good
communication links with our headquarters in northern Germany with a
direct flight and a skilled workforce existing in the Central belt
which we can call upon."

George Mager, PNE WIND´s UK director with 25 years experience in the
oil and gas industry before moving into renewables, added: "This is a
long term investment by the company. With its long established
expertise on the international scene, this is a natural progression
to invest in the potential Scotland has to offer. We are delighted
Anne MacColl from Scottish Development International has opened our
new offices in Edinburgh as they have been very supportive in helping
us set up here."

Company profile

PNE WIND AG with its headquarters in Cuxhaven develops and implements
wind farm projects on land (onshore) and at high sea (offshore). Its
core competence is the development, planning, implementation and
financing of wind farms and their operation or sale including
subsequent service. So far, the company has set up 97 wind farms with
563 wind energy systems and a total nominal output of 804 MW.

Alongside its business activities in the established German home
market, PNE WIND AG is also increasingly investing in dynamic growth
markets and has subsidiaries and representations via joint ventures
in Hungary, Bulgaria, Romania, Turkey, the UK, USA and Canada. Wind
farm projects with a nominal output of about 3,450 MW are currently
being processed in these countries and are to be implemented in the
medium term. In Germany (onshore) currently wind farm projects with a
nominal output of more than 800 MW are being processed.

Furthermore, PNE WIND AG develops offshore wind farm projects, three
of which have already been approved in German waters. Entering
promising foreign markets is also being examined for the offshore
area.

end of announcement euro adhoc
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ots Originaltext: PNE WIND AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:

PNE WIND AG
Press and Public Relations
Rainer Heinsohn
Tel: +49(0) 47 21 - 7 18 - 4 53
Fax: +49(0) 47 21 - 7 18 - 3 73
E-mail: info@pnewind.com

Investor Relations
cometis AG
Ulrich Wiehle / Alexandra Edinger
Tel: +49(0)611 - 205855-16
Fax: +49(0)611 - 205855-66
E-mail: wiehle@cometis.de

Branche: Alternative energy
ISIN: DE000A0JBPG2
WKN: A0JBPG
Index: CDAX, Prime All Share, Technology All Share
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